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. it's an incredible story and it gets worse and worse, mr. king is going to join me later. >>> up next, the obama care supreme court? a they are back on the court with blockbuster cases. free market capitalism is the best path to prosperity. none of this bernanke stuff, i can't stand it. we'll be right back, more to come. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to
different number next month. but i do have trouble, i don't want to defend obama, but i do have trouble thinking and letting people assume that somehow the white house got involved. they don't. the number doesn't come out until 4:30, quarter to 5 on thursday afternoon. it's impossible, jack. the number may be bad and revised but they can't touch it. that's the point i'm making. >> okay, larry, let's leave it there then, let's have a discussion of the number because today the president was out on the stump and he didn't talk about 600,000 government workers added in the last two months, the largest number since the study's been done since 1948. he didn't talk about what you just talked about, 600,000 temporary. he talked about 7.8 for eight hours today. okay? 7.8. let's talk about how we get the 7.8. this election is too important to let one number that might be corrected next month determine the outcome of the election. >> i'm looking right at the sheet. government -- federal, state and local was only up 10,000. look, i know obama is going to crow about it. any president would crow abou
on the new leadership change. >>> and next, washington and its debate tonight as romney and obama finally square off. we'll have a preview of what to expect and what's at stake with our very own democrat-republican panel. >>> and real estate is on the rise. we head to new york with founder barbara corcoran. mariano rajoy has denied reports that spain will request a bailout. the spanish prime minister joked that news agencies either knew more than he did or that they were, in fact, wrong. meanwhile, moody's rating agency said it will publish a review into spain's credit rating at some point this month. all spanish tax revenues have jumped significantly from precrisis levels due to a high incide incidents -- and seeking profits abroad as domestic demand wanes. just over $16.5 billion euros from corporate tax from the almost $45 billion collected in 2007. let's get out to julia in madrid. this was always going to be one of the challenges for the rajoy government to keep a handle on revenues as it tries to cut spending and increase taxes. >> reporter: absolutely. yes, he's announced the billi
right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard
for their only debate next week. president obama and mitt romney head back out to the campaign trail today where the president making stops in colorado and wisconsin. romney will travel to virginia. let's get a bit more into this debate. joining us now for more is a republican strategist and former mccain/palin aide. and a democratic strategist and former senior adviser to the presidential campaignses of john e he hedwards and wesley clark. let's start with you. by all accounts this was going to be the debate where mitt romney would be the strongest on the issues around the economy because really the president's coming from the back foot on these issues in what have been difficult few years of his leadership so far. so he couldn't fail on do well surely. >> all accounts going in did not add up to what actually happened. the expectations for mitt romney were high, but he exceeded all those expectations. this was the best debate of his political life going back to his first campaign in '94, the gubernatorial campaigns in massachusetts and all the debates they had in the primaries. this was a great
in the gop debate. mr. cain knows first hand what president obama is going to up against with romney. herman cain joins us next. and an estimated 60 million people could be watching tonight's presidential debate. the focus, economic issues. should mitt romney inject the benghazi catastrophe into this debate? as always, doesn't forget free market capitalism is the best path to prosperity and that's exactly what they're going to be debating in one hour and 45 minutes from now. i'm kudlow, we'll be right back. so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. >>> the stakes are high for mitt romney and president obama tonight. the polls show a dead heat. can romney deliver the performance that's needed to shake up this race? let's ask somebody who has
is speaking this evening in virginia. we'll see both candidates in virginia and ohio over the next 24 hours. that will give viewers on television a chance to decide whether that was the real mitt romney last night or it was the real barack obama at the debate, larry. >> all right. many thanks, we appreciate it. >>> so mitt romney outhustled, outfacted, outenergized and outinformed president obama. msnbc's chris matthews, an old pal of mine, completely went off the rails. take a listen to this. >> where was obama tonight? romney, i love the split screen. staring at obama. addressing him like the prey. he did it just right. i'm coming at an incumbent. i got to beat him. you got to beat the champ and i'm going to beat him tonight. what was romney doing? he was winning. >> he sure was, chris. he was winning big time. so now that romney is on a roll, where does he run after last night's sweeping win? let's talk. here now is democratic strategist steve mcmahon. and then cnbc contributor geoff jennifer rubin, author of the "washington post" right turn blog. jennifer was it a game changer for the w
it indirectly. and romney's also changed -- i'm sorry. obama has changed his tune on the promise for the future. the new plan, he said, starting august 8th in colorado and repeated is he won't raise your taxes next year. so after 2013 there is no promise from obama for any american on any tax protection. he's open to raising taxes on anyone and everyone. and he's going to have to because even with his tax increases on the higher income people, he runs a $6.7 trillion debt over the next decade. and that buffett rule tax raises less than 1% of the debt he's running up. he's got to go straight at the heart of the middle class to pay for his bigger government. >> i think it's very interesting. i still have not heard from mr. norquist whether any tax increases should be necessary to deal with the budget deficit and the budget deficit we face as a country. are we going to try to do this all through spending cuts? and if so, how in the world do we do it without eviscerating medicare, medicaid, social security, and military spending? >> well, very clearly as you know, the republicans actually have a pl
at squawk@cnbc.com. >>> up next, president obama taking heat for his perform absence in the wednesday night presidential debate. nbc's political director chuck todd will join us next. and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> welcome back to "squawk box," everyone. in our headlines this morning, well, we are just an hour away from september employment reports. the number is the
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your official obama campaign response with the co-founder and former ceo of car max next. >>> and facebook marking a milestone, officially reaching 1 billion monthly active users. hear what facebook ceo mark zuckerberg has to say about leveraging that milestone in an nbc exclusive. >>> u.s. retailers coming in solid, eased up on big spending ahead of the holiday season. we'll sort through the numbers and give you the look ahead to the holidays. >>> first, the first presidential debate, as we said, now in the books. romney and obama facing off last night in their first presidential debate. among the topics they sparred over, revenue. take a listen. >> there has to be revenue in addition to cuts. now, governor romney has ruled out revenue. he's ruled out revenue. >> absolutely. look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you'll never get there. >> for reaction from the obama campaign, the co-founder and fo
" at the top of the hour. >> melissa, we will be there. >>> up next, politics as usual? my observation on the defense companies feeling the hate from the obama administration on the timing of potential job cuts. wait until you hear the details of what's happening now. >>> up next, what will move your money first thing tomorrow morning? three of wall street's top money pros here tell you what they're watching, on the other side of this break. stay with us. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ >>> all right, welcome back, 30 seconds on the clock, our next guest telling us what they think will move the markets tomorrow morning. we get right to it right now. ubs, steven nicholas, and good to have you on the program, everybody. let's kick it off with you, what are you looking at tomorrow? 30 seconds on the clock. >> well, if you're watching emerging markets, look out for brazil industrial production tomorrow morning at 8:00 a.m. probably mark the 12th straight mont
. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this moment, they wanted -- they thought newt was such a great debater, they wanted to see someone like newt talk to president obama about his policies and about the last four years. and they tho
points they would do if they became president in the next four years. >> and on that point then, three specific points that you think obama's going to give. >> lower the corporate rate, do tax reform and rebuild every school that's over over 50 years. >> how's that any different than what romney would tell you? >> it's not. >> is it shocking to you? >> in four years, he's had one of the -- he's had the senate on his side. and what can he say he's done? if you want to ask the question that ronald reagan asked in 1980 is are you better off today than you were four years ago. is there less unemployment than there was four years ago? the answer for at least 23 million americans is no. >> ask the 800,000 people a month that are losing their jobs, the answer is yes. >> that they're better off now than they were four years ago? >> the unemployment rate is above where it was. ronald reagan's highest unemployment was 10.1%. when he ran for re-election was 7.1%. >> what was it when he started? >> what? >> what was the unemployment rate when obama started? 7.9. it's at 8.1. >> we call that the bu
to move on with another topic. imperial president. team obama coerces companies to ignore the law and not hand out pink slip warnings. it is part of the law. what about the law? the kudlow caucus debate is up next. why the pink slips haven't gone out because of the defense cuts. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. >>> our kudlow caucus is still with us. i don't think i said that before. i apologize as always. let me begin with you o
that we could have an electoral tie. highly unlikely. so i don't think the election's over. b obama has the lead. we still have a month to go. the next two weeks with three presidential, one vice presidential debates, we have a chance for mitt romney to set a different impression with the american people than he's been able to do so far. who knows what president obama will do and what events are happening in the world. but i'm not sure other than some tightening from a little surge that obama had which i think is receding a little bit, i'm not sure what nate is talking about. >> john, you wrote a column that talks about the debates and the impact of the debates traditionally. and made the case that traditionally it makes very little impact. >> there are many individual moments that make an impression. but to fundamentally change where a race is going is very rare and you need a combination of events. the example that i used in that piece, andrew, was 2000, al gore had a lead of about what president obama has now entering the debates against george w. bush. he had a reputation as a stron
and it will limit the upside for next year. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in global growth. >> contingent on both, not just the tax issue? >> both. somewhere between 1,500 and 1,600. >> david,
whitman vision. reality got distorted but in a bad way, not a good one. i reiterate, under obama or under romney, there is no reason to own hewlett-packard. stay with cramer. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you
the greek prime minister. next week sees the vice president presidential debate before we get two more presidential debates. one of the major issues is it that looming fiscal cliff. president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> president of the committee for responsible federal budget, director of the fiscal policy program, as well, and joins us now. have you heard anything -- have you heard enough of of a commitment from either side of the aisle that you thought might actually work? >> well, what we didn't hear was enough specifics. so i think the g
Search Results 0 to 18 of about 19